News Details
Seven teams pushing for budget cap rise as costs soar
A report states that seven teams want a bonus to the budget cap of around $7m for next season as freight and electricity costs climb sharply. First introduced for the 2021 season, Formula 1's cost cap reduced from $145m for that first season, to $140m for the 2022 campaign. There are instances though when it can rise, with Mercedes boss Toto Wolff recently revealing that there is an allowance for damage repairs after a 'big' crash, while for each race beyond the 21st in a season, there is a surcharge of $1.2m per round. So, since there are set to be 23 races in 2022, that means a cap of $142.4m. But, as reported by Auto Motor und Sport, seven out of the 10 teams believe that a greater...
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4y ago from PlanetF1.com
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